Business Finance: A Complete Introduction
What you'll learn
- Understand and apply the basic business accounting practices such as the Fundamental Accounting Equation, the Revenue Recognition principle, Accrual Accounting,
- Understand and interpret the four main financial statements
- Use financial ratios to compare a business's performance year-over-year or to other businesses
- Calculate and apply the concepts of profitability, liquidity, solvency and efficiency to analyze a business's performance.
- Estimate the key inputs of ROI analysis including future revenues, on-going expenses, initial investments, risk, net working capital, manufacturing overhead
- Build a Net Present Value financial model to determine if a major investment is right for your organization
- Financial modeling and analysis
- Basic math skills
- Basic Microsoft Excel skills
- General manufacturing and business knowledge helpful
- Analytical approach to problem solving
As its titles suggests, "Business Finance: A Complete Introduction" is the first course you need in understanding the financial activities and constraints of an organization.
The first section titled "The Basics of Business Accounting" lays the groundwork for understanding business finance. Accounting is called the "language of business", and in order to understand business finance, you must speak the language. This section explains the essential accounting terms and concepts such as assets, liabilities, equity, revenue recognition, accrual accounting and so much more. This course will also teach you how understand and interpret the Four Main Financial Statements of any business: the Balance Sheet, the Income Statement, the Cash Flow Statement and the Statement of Owners' Equity.
In section two titled "Financial Ratio Analysis", you will learn how to draw information from an organization's financial statements and use it to measure a company's performance in four key areas: Profitability, Liquidity, Solvency and Efficiency. You will then learn to use those calculations to make comparisons year over year and between companies. You can then use the included Excel templates to perform you own financial ratio analysis.
In the third and final section "Return on Investment" analysis, you will learn how to determine if a major capital purchase such as a new factory or piece of equipment will be financially beneficial to your organization. This class will teach you how to identify and estimate the key financial inputs for a Return on Investment financial model that we will build together in Excel. A complete ROI model will estimate all relevant costs and revenues over the life of a project, then convert those estimate into a single Net Present Value that accounts for risk and the time value of money.
Once you have completed this course, you will have a solid understanding of the fundamental concepts of business finance. With the purchase of this course, you will receive all the slides for your reference, all of the Excel templates used during the video, LIFETIME ACCESS to all of the material, and a 30-day money back guarantee,
Take you business knowledge to the next level today!
Who this course is for:
- Business managers, supervisors, or group leaders.
- Technicians, engineers and programmers looking to advance into a managerial role
- Small business owners
Ray Harkins is a senior manufacturing professional with 30 years experience in manufacturing engineering, quality management, and business analysis. During his career, he has toured hundreds of manufacturing facilities and worked with leading industry professionals throughout North America and Japan.
He earned his Bachelor of Science from the University of Akron where he majored in Engineering Technology, his Master of Science from Rochester Institute of Technology where he majored in Manufacturing Leadership and Project Management, and his Master of Business Administration from Youngstown State University.
He is a senior member of the American Society of Quality, and holds their Quality Engineering (CQE), Quality Technician (CQT), Quality Auditing (CQA) and Calibration Technician (CCT) certifications.
Ray has written extensively for national trade publications on the topics of quality engineering and career management, and has taught over 30,000 students through the Udemy platform on a range of manufacturing-related topics.